Palermo, CA, located in 95968 zip code is an attractive area to live due to its affordability. The 2 bedroom rent here is $1,060 compared to the US 2 bedroom rent of $1,430. Additionally, grocery costs are much lower in Palermo with a Grocery Cost Index of 97 compared to the US average of 100.
The small town atmosphere makes it easy for locals to connect with their neighbors and build relationships. There are plenty of business opportunities in Palermo for those who want to set up shop including Options Thrift Store & Boutique, Taco Bell, and Paradise Barber Shop.
For those looking for entertainment activities there are several attractions nearby like the Los Angeles National Cemetery, Olivewood Memorial Park & Foundation or the Chico Mall shopping center which boasts stores like Macy's and JCPenney.
Palermo (zip 95968) has an unemployment rate of 7.5%. The US average is 6.0%.
Palermo (zip 95968) has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 33.4%, which is lower than the US average of 33.5%.
Tax Rates for Palermo (zip 95968)
- The Sales Tax Rate for Palermo (zip 95968) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Palermo (zip 95968) is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Palermo (zip 95968)
- The average income of a Palermo (zip 95968) resident is $24,521 a year. The US average is $37,638 a year.
- The Median household income of a Palermo (zip 95968) resident is $32,917 a year. The US average is $69,021 a year.